DOMINION DEFICIT

Grey River Argus, 17 April 1929, Page 5

DOMINION DEFICIT

FOR LAST YEAR Over Half Million j (Per Press Association) WELLINGTON, April 16. The Prime Minister to-night announced Ihat there was a deficit for the financial year ended March 31st, 1929, of £550,000. The Prime Minister stated that he looked forward with great confidence to tho future, aud he considered that thdk Dominion had now reached a position of stability. The Dominion’s trade recovery, he said, had been, remarkable. State Advances FOUR MONTHS’ FIGURES. OVER £8)150,000. WELLINGTON, April 16. An outlin;)': of the operations of the State Advances Department from December 10, 1928, to April 16 was given by the Prime Minister (Rt. Hon. Sir Joseph Ward) at the annual meeting to-night of thb Wellington Chamber of The loanfc to settlers for th e period under review, said the Prime Minister, amounted to £1,211,420, and the loans to workers amounted to £941,99Q, making a grand total of £2,153,4.10. The new loan monies added to the Department for that period amounted to £3,012,094, the balance of loan monies hfld available for investment was £2,395,544.